Spring Lake, Sea Girt and Wall Township real estate and homes for sale in New Jersey, Waterfront - Donna Fahy-Waters, REALTOR® Donna Fahy-Waters REALTOR(r) for Spring Lake, Sea Girt and Wall Township, New Jersey real estate, Waterfront - NUMBER1EXPERT™ Donna Fahy-Waters NUMBER1EXPERT(tm) for Spring Lake, Sea Girt and Wall Township, New Jersey real estate, Waterfront
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Real Estate Tips
About Appraisals >Working With Appraisers

After the buyer and seller come to a "meeting of the minds" on the price of a house, there is one more person who must be convinced that the house is worth the selling price--the mortgage company's appraiser.

The appraiser looks for three similar houses that have sold in the same area within the last several months, and compares the selling prices of these homes with the one that is now on the market. The appraiser makes adjustments to account for the differences in each property, and averages the adjusted prices of the other three homes to arrive at a final opinion of value. In subdivisions or condominium projects where there are many similar properties and numerous recent sales, the appraiser's job is relatively easy. In neighborhoods of older homes that have been renovated or remodeled over the years, it can be like comparing apples and oranges.

If the appraiser's evaluation is lower than the selling price, it can stall the transaction because the lender may decline the buyer's loan because of the discrepancy. A real estate agent can work to minimize potential delays associated with the appraisal process by helping the seller to price the home as close to fair market value as possible.

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Real Estate Trivia
Q 
What famous $40+ million home has a 60-foot pool with underwater music and a 20-car garage?

A 
The home of Bill Gates, co-founder of Microsoft, features the latest futuristic computer technology.
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Donna Fahy-Waters, REALTORŪ, real estate agent and broker for Spring Lake, Sea Girt and Wall Township New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Donna Fahy-Waters
Coldwell Banker Residential Brokerage

1224 Third Ave
Spring Lake, NJ 07762
Office: (732) 449-2777
Cell: (908) 601-0645
Fax: (732) 449-0352
donnafw@NUMBER1EXPERT.com

My commitment to excellence dominates my approach to all of my clients. Acknowledged as an industry leader in the top 1% of all Realtors nationwide and a top office producer from 1998 -2006, my results reflect my sales, marketing and financial educational background. From condos to castles, Expect the Best!

Equal HousingMLSREALTOR


Coldwell Banker Residential Brokerage real estate and homes for sale in Spring Lake, Sea Girt and Wall Township New Jersey

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